Cramer's Stop Trading! Potash and BHP: It's Not Over by a Long Shot (8/17/10)

Includes: BHP, CREE, HD, POT, SWK, TJX
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday August 17.

Potash (NYSE:POT), BHP Billiton (NYSE:BHP), Home Depot (NYSE:HD), Stanley Black & Decker (NYSE:SWK), TJX (NYSE:TJX), Cree (NASDAQ:CREE)

After Potash (POT) rejected a $38.5 billion offer from BHP Billiton (BHP), Cramer said "it isn't over by a long shot." He thinks the fertilizer company will get additional offers and thinks BHP was taking advantage of Potash's low share price to give a modest bid for the company. However, Cramer doesn't think Potash will settle for less than $160 a share.

Cramer would consider Stanley Black & Decker (SWK) as a play on Home Depot's success. He thinks SWK's recent quarter was "fantastic" and thinks the company will return to its 52-week high. Cramer is also bullish on TJX (TJX), and thinks it is a good buy for investors expecting a slowdown. He disagreed with UBS's downgrade of Cree (CREE) and would buy the stock hand over fist.


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